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House Bill 233

Actions | Amendments
Last Action signed by Governor (Acts ch. 83)
Title AN ACT relating to insurance licensing.
Bill Documents Bill
Bill Request Number 1043
Sponsors J. Greer, S. Riggs, D. Keene
Summary of Original Version Amend KRS 304.9-020 to move the definitions for "rental vehicle agent" and "rental vehicle agent managing employee" from KRS 304.9-501 to the subtitle definitions statute; update the definitions of "public adjuster," "independent" and "staff adjuster" to reflect the new uniform definitions; amend the definition of "negotiate" to adopt the definition in the NAIC Producer Model Act; amend KRS 304.9-105 to clarify that a license will "terminate" rather than be revoked if a producer fails to provide proof of financial responsibility; amend KRS 304.9-130 and 304.9-133 to remove the requirement that licensed business entities file an annual report of all designated individuals not terminated on or prior to December 31; amend KRS 304.9-150 to prohibit authorization of entity with same or similar name as licensee already authorized; amend KRS 304.9-230 to add rental vehicle insurance as a limited line of authority; amend KRS 304.9-260 to clarify that a penalty for failure to comply with the renewal procedures will be assessed from the first day after expiration, clarify that the producer will have 60 day grace period before the license will expire to provide continuing education compliance documentation, renewal fee, and penalty fee; amend KRS 304.9-280 to clarify termination-without-cause provisions; amend KRS 304.9-295 to clarify that a license will expire rather than terminate for noncompliance with the continuing education requirements; amend KRS 304.9-421 and 304.9-425 to adopt language from the NAIC Producer Licensing Model Act to expand the scope to all licensees; remove the requirement that an individual receiving override commissions be licensed; amend KRS 304.9-430 and 304.9-432 and create new sections of Subtitle 9 of KRS Chapter 304 to adopt the NAIC Adjuster Model Act; amend KRS 304.9-505, 304.9-436, 304.9-507, and 304.9-509 to provide conforming changes that rental vehicle insurance will now be governed by general statutes related to limited lines of authority; amend KRS 304.12-100 to conform; repeal KRS 304.9-070, 304.9-485, 304.9-501, 304.9-503, and 304.9-513.
Index Headings of Original Version Insurance - Rental vehicle agent and managing employee, add to limited line of authority
Insurance - Adjusters, amend definitions pertaining to
Insurance - Nonresident agents, amend to comply with national standards
Insurance - Producer Licensing Act, adopt to expand scope to all licensees
Licensing - Insurance adjuster, agents, and producers
Proposed Amendments House Committee Substitute 1
House Floor Amendment 1
House Floor Amendment 2
Senate Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
01/11/10
  • introduced in House
01/13/10
  • to Banking & Insurance (H)
01/15/10
  • posted in committee
01/20/10
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute
01/21/10
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Wednesday, January 27, 2010
01/25/10
  • floor amendment (1) filed to Committee Substitute
01/26/10
  • taken from the Consent Orders of the Day, placed in the Regular Orders of the Day
01/28/10
  • floor amendment (2) filed to Committee Substitute
02/02/10
  • 3rd reading, passed 98-0 with Committee Substitute, floor amendment (2)
02/03/10
  • received in Senate
02/05/10
  • to Banking & Insurance (S)
03/09/10
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute
03/10/10
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Thursday, March 11, 2010
03/11/10
  • 3rd reading, passed 36-0 with Committee Substitute
  • received in House
  • to Rules (H)
03/17/10
  • posted for passage for concurrence in Senate Committee Substitute for Thursday, March 18, 2010
03/29/10
  • House concurred in Senate Committee Substitute
  • passed 98-0
  • enrolled, signed by each presiding officer
  • delivered to Governor
04/08/10
  • signed by Governor (Acts ch. 83)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Delete Section 3, which contained an amendment to KRS 304.9-130 relating to deletion of the requirement for designation by a business entity to the executive director of the office of insurance of an agent's authorized to act for the business entity; and make conforming and technical corrections.
Index Headings Insurance - Rental vehicle agent and managing employee, add to limited line of authority
Insurance - Adjusters, amend definitions pertaining to
Insurance - Nonresident agents, amend to comply with national standards
Insurance - Producer Licensing Act, adopt to expand scope to all licensees
Licensing - Insurance adjuster, agents, and producers

Amendment House Floor Amendment 1
Sponsor B. Damron
Summary Amend KRS 304.9-020, 304.9-280, 304.9-430, and 304.9-432 to delete references to the National Association of Insurance Commissioners; amend KRS 304.9-430 to establish an exemption from licensing requirements for employees of a licensed independent adjuster or its affiliates that meet designated requirements.
Index Headings Insurance - Rental vehicle agent and managing employee, add to limited line of authority
Insurance - Adjusters, amend definitions pertaining to
Insurance - Nonresident agents, amend to comply with national standards
Insurance - Producer Licensing Act, adopt to expand scope to all licensees
Licensing - Insurance adjuster, agents, and producers

Amendment House Floor Amendment 2
Sponsor B. Damron
Summary Amend KRS 304.9-020, 304.9-280, 304.9-430, and 304.9-432 to delete existing and proposed references to the National Association of Insurance Commissioners; amend KRS 304.9-430 relating to independent adjuster licensure exemptions to clarify that a person who is an employee of a licensed independent adjuster or of an affiliate of an independent adjuster or who is supervised by a licensed independent adjuster who supervises no more than 25 people is exempt from licensure requirements if he or she collects claim information, enters data into an automated claims adjudication system, or furnishes claim information to insureds or claimants from the automated claims adjudication system.
Index Headings Insurance - Rental vehicle agent and managing employee, add to limited line of authority
Insurance - Adjusters, amend definitions pertaining to
Insurance - Nonresident agents, amend to comply with national standards
Insurance - Producer Licensing Act, adopt to expand scope to all licensees
Licensing - Insurance adjuster, agents, and producers

Amendment Senate Committee Substitute 1
Summary Retain original provisions, except amend the definition of "negotiate" to clarify that the definition of negotiate does not apply to negotiating a claims settlement.
Index Headings Insurance - Rental vehicle agent and managing employee, add to limited line of authority
Insurance - Adjusters, amend definitions pertaining to
Insurance - Nonresident agents, amend to comply with national standards
Insurance - Producer Licensing Act, adopt to expand scope to all licensees
Licensing - Insurance adjuster, agents, and producers

Last updated: 8/28/2019 7:34 AM (EDT)